If a term of a note is 6 months and the note is dated April 15, it is due September 15.
False - October 15
100
A written and signed promise to pay a sum of money at a specified time is ______ _____?
Promissory Note
100
How is the interest rate on a note stated?
As an annual rate
100
Which male English singer sang a song with these lyrics, "The love is a blaze I saw flames from the side of the stage and the fire brigade comes in a couple of days"?
Ed Sheeran
100
This 2016 superhero film sees our hero Wade Wilson hunting down the man who gave him a scarred physical appearance.
Deadpool
200
Supplies may be recorded initially as expenses or as assets.
True
200
The amount paid for the use of money for a period of time
Interest
200
What 2 amounts are paid by the borrower at the note's maturity?
Principal and Interest
200
"Boy, look at me in my face tell me that you're not just about this bass"
Meghan Trainor
200
What do Aladdin and his monkey Abu steal from the marketplace when you’re first introduced to them in the movie?
Bread
300
Feeken Inc, signs a 90 day, 9% note for $4000. The entry would be recorded in the cash payments journal.
False - Receipts
300
Expenses paid in one fiscal period but not reported as expenses until a later fiscal period
Prepaid Expenses
300
Which accounting concept is applied when an adjusting entry is recorded for prepaid expenses?
Matching expenses with revenue
300
"don't be fancy, just get dancy"
Pink
300
This 2016 action film is the fifth installment of the Bourne film series.
Jason Bourne
400
When a note is repaid, the amount of cash paid equals the maturity value of the note.
True
400
Entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period.
Reversing Entry
400
What accounts are affected and how, by an adjusting entry for accrued interest expense?
D - Interest Expense
C - Interest Payable
400
"Band-aids don't fix bullet holes you say sorry just for show if you live like that, you live with ghosts"
Taylor Swift
400
Chris Pine plays the role of which character in the 2016 sci-fi film "Star Trek Beyond"?
James T Kirk
500
If corporations record employee income tax payable, they do not need to record federal income tax expense.
False
500
Original amount of a note.
Principal
500
What accounts are affected and how, by a reversing entry for accrued salary expense?
D - Salaries Payable, Emp Inc Tax Pay, SS Tax Pay, Medicare Tax Pay
C - Salary Expense
500
"Everybody's trying to be a billionaire but every time I look at you I just don't care"
The Vamps
500
How many sisters does Ariel have in "The Little Mermaid"?